Primary vs secondary market.
PRIMARY OR SECONDARY MARKET? This is one of the main doubts that arise when we decide to buy a property. What are the differences? Which market is better? In this article we will compare the two options and see which one wins.
- PRIMARY MARKET: in the primary market you will find properties that are new, freshly built, first-hand, usually offered dirrectly from the developer. Such houses and apartments are odern and meet the latest standards of energy efficiency, building technology and suistanable construction.
Advantages:
– modernity and innovation: new properties are usually more energy efficient. which in Spain, where energy costs can be high, is a big plus
– personalization: by buying at the construction stage, you can often customise the interior (choosing materials, colors)
– less risk of renovations: everything is new, so you don´t have to worry about repairs or renovations for the first few years
– certainty that the property is new and free of mortgages and other liabilities, which ensures full ownership and security of purchase
Disadvantages:
– price: the primary market can be more expensive, especially in popular areas and locations
– longer waiting time: when buying at the construction stage, the delivery time can range from several months to as much as a year or more
- SECONDARY MARKET: secondary market properties are previously occupied houses and apartments, often in an older architectural style and with stabilized infrastructure around them.
Advantages:
– price: secondary market properties are sometimes cheaper, especially if they need renovating
– time to move in: can be very short, some apartments are sold furnished and fully equipped
Disadvantages:
– risk of hidden costs: older properties may require renovations, which entails addictional costs
– older infrastructure: properties may not meet the latest building and energy standards
Costa Blanca, primary vs secondary market. What to choose? The choice depends mainly on the client´s needs. The primary market is recommended for those who are looking for modern and energy-efficient solutions and are willing to wait for construction to be completed. The secondary market can be attractive to those who want to move in “immediately” and appreciate older architectural styles.
Summarizing, both options have their advantages. If the buyer prefers modernity and guaranteed quality, the primary market will be an excellent choice, but for those, who looking for more economical solutions or a unique style – it is worth to search for properties around the secondary market.
In the primary market, the MASA office is a leader with its properties located in Gran Alacant. Our wide selection; terraced houses, semi-detached, independent villas. High quality finishes, possibility to personalize the interriors. Peace and tranquility with an easy access to restaurants and other services. Check out our offer and contact us:
https://masa.eu/en/obra-nueva/ , https://masa.eu/en/contact/.